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Copper bounces back but caution remains

October 5 2011, 09:36

FMX|Connect- WWW.FMXConnect.com (Reported on 10/5/2011)

Copper bounces back but caution remains

Source: Reuters

Copper bounced back from a five-day slide on Wednesday, with prices of the red metal boosted by the Federal Reserve's promise to launch more measures to help the fragile U.S. economy.

Three-month copper on the London Metal Exchange (LME) traded at $6,881 a tonne in LME rings compared with Tuesday's close of $6,800. The gains, which earlier saw copper rise some 3 percent to hit a session high of $7,009.75 a tonne, were in line with stronger equity markets in Europe. To read the full article, Click Here.

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